Legal & General, is a British multinational financial services company headquartered in London. Its products and services include life insurance, general insurance, pensions and investment management. It has operations in the UK, US, Europe and Asia.
Legal & General work in the cluttered and highly competitive over-50s market. They tasked Edit with improving the ROI of their direct mail campaigns. To achieve this, we needed to reach those people most likely to respond positively – but could we go even further?
We combined response history and geodemographic data to create a propensity model. This was designed to improve conversion, target more effectively and improve the efficiency of data buying. The approach identified the most valuable response profiles when were then used to optimise ongoing targeting criteria.
Legal & General’s response rate for their next campaign increased by 56%, saving an estimated £800,000 on direct mail over the course of the first year. For the work, Edit also won an award from the Chartered Institute of Marketing.
increase in response rate
saved on Direct Mail campaigns